California Recovers as China Loses Its Crown, Exports Slump — Panjiva


California Recovers as China Loses Its Crown, Exports Slump

China 1758 Corp - Ports 661 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container handling at California’s big three ports of Long Beach, Los Angeles and Oakland increased by 5.3% year over year in March, following a 5.6% drop in February. The improvement was largely down to a 16.8% surge in empty containers while – concerningly for the Californian economy – exports fell for a fourth straight month. Imports expanded by 3.4% year over year in March and are showing the signs of supply chain restructuring across Asia – imports from outside China were greater than those from Chinese ports for the first time in over 10 years. For 1Q 2019 a...

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